US Retail Sales Hit Speed Bump in February, Should Recover in March

The U.S. experienced a pullback in retail sales in February after that huge spike in January sales fueled by $600 fiscal relief payments. But the retreat in February was far greater than anyone expected. Retail sales fell by 3% over January, according to the Census Bureau. That was after the January numbers had been revised up sharply to show sales growth of 7.6%.